Bittime – Ordinal Bitcoin “Runestone” holders received a surprise DOG token airdrop on April 21, 2024. The meme coin experienced an incredible surge, rising 73% in just 24 hours, pushing its market capitalization beyond $540 million. Leonidas, the creator of the coin, was instrumental in this success, which is also reflected in the significant trading volume, exceeding $3.5 million according to UniSat market data.
Generous Distribution of DOG Tokens
Each Bitcoin Ordinal “Runestone” holder on April 21 received 889,806 DOG tokens on April 24. The token is part of the Bitcoin-based Runes protocol, a system designed to create exchangeable assets on the Bitcoin blockchain. This protocol, which was introduced right after the Bitcoin slashing event, was developed by Casey Rodarmor, who is also the creator of the Ordinals protocol.
Significant Impact of Runes Protocol
Runes Protocol has had a significant impact, with over 3.5 million Runes-related transactions since April 20. This accounts for 63.6% of all Bitcoin blockchain transactions in the last six days, according to the Dune Analytics dashboard by Cryptokoryo.
Runes investors have also paid a large amount in transaction fees, a total of 2,113 BTC, which is equivalent to more than $136 million at current Bitcoin prices.
DOG Value Had Dropped
Despite DOG's initial success, the value of Runestone itself experienced a decline following the announcement of the token's snapshot airdrop on April 21. The price fell sharply from 0.07 BTC to 0.027 BTC, a 61.5% drop in less than a week.
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DOG Founder Hints at Profits
However, the future is still promising for Runestone holders. Leonidas has hinted at a possible price rebound, with a potential airdrop of two other meme tokens during the current bullish trend, which could further encourage holding and trading within the community.
Apa itu Koin Dog Go To The Moon (DOG)
Dog Go To The Moon (DOG) is a meme-based cryptocurrency that launched on April 22, 2022 on the Solana blockchain. This coin is inspired by the "Dog Go To The Moon" meme trend that is popular on the internet.
DOG Key Features:
- Limited Supply: The total supply of DOG is limited to 100 billion tokens.
- Burn Mechanism: Each transaction on the DOG network will burn 1% of traded tokens, aiming to reduce supply and increase token value.
- Active Community: DOG has an active and enthusiastic online community that supports the development and promotion of this coin.
- Decentralization: DOG is a decentralized coin that is not controlled by a single individual or organization.
DOG Latest Developments:
- DOG Price: In the past week, DOG price has seen a significant increase, peaking at $0.0086 on April 25, 2024.
- Market Cap: DOG's market cap currently stands at over $500 million, placing it among the top 500 cryptocurrencies according to CoinMarketCap.
- Roadmap Update: The DOG team has published a roadmap outlining future development plans for the coin, including integration with DeFi platforms and NFT development.
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Conclusion
The conclusion of recent developments in the crypto world shows that Dog Go To The Moon (DOG) has been in the spotlight with significant price increases and strong market capitalization. Despite experiencing a dip following the airdrop announcement, DOG showed rebound potential with plans for additional meme token airdrops.
Key features such as limited supply and burning mechanisms add to DOG's appeal, while an active and decentralized community guarantees continued support.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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